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The privacy coin ZEC has stunned the crypto world lately, after briefly rising to a ten-year high of almost $1,300. However, bears stepped in and erased much of the gains, and it remains unclear whether the rally will resume.<\/p>\n
Cardano’s ADA has been the subject of optimistic price forecasts, while Ethereum (ETH) appears to be at a crossroads.<\/p>\n
The token has been crypto’s top performer over the past few weeks, with its price skyrocketing by 130% in a month and its market capitalization temporarily surging past $20 billion. Potential catalysts include the launch of Grayscale\u2019s ZEC ETF, along with other factors\u00a0we covered in our article here<\/a>.<\/p>\n However, bears eventually halted the upswing, and three key developments suggest<\/a> a more substantial pullback may be on the horizon. According to Ali Martinez, one of those is the TD Sequential indicator, which flashed a sell signal on the 3-day chart.<\/p>\n \u201cThe last time this setup appeared, on May 19, it resulted in a 64% price correction. Worth paying attention to this one,\u201d he noted.<\/p>\n<\/blockquote>\n Other factors include ZEC’s RSI soaring above 70 and entering bearish territory and the shift from self-custody methods to centralized platforms, which increases immediate selling pressure.<\/p>\n Zcash is, in fact, the worst-performing top 100 cryptocurrency today (September 11), after posting an 8.5% loss. Still, it remains among the 10 biggest digital assets.<\/p>\n Cardano’s native token is up 12% on a monthly scale and continues to trade above the psychological $0.20 mark. Not long ago,\u00a0X user Sssebi saw<\/a> a \u201cbig chance\u201d for a pump to $0.30 if the price reclaims $0.25.\u00a0Before that, Martinez\u00a0said<\/a> the asset\u2019s Tom DeMark Sequential indicator\u00a0<\/span>flashed a buy signal.<\/p>\n Other market observers who recently commented on the asset include X user Cup and Alex Marzell. The former argued that \u201cthe biggest altseason ever is about to start,\u201d forecasting a potential price explosion to an all-time high of $8 for ADA. Marzell was not so optimistic, outlining<\/a> $0.2051 as “the shelf the whole run started from.”<\/p>\n “Lose it, and there’s not much underneath,” he added.<\/p>\n<\/blockquote>\n The second-largest cryptocurrency has been hovering around $2,500 for the past several days, currently trading slightly below that level. According<\/a> to Ted, a strong weekly close above $2,550 could fuel a rally to $3,000, while Michael van de Poppe claimed that breaking above $2,520 could lead to the same outcome.<\/p>\n Earlier this month, Martinez disclosed<\/a> that 116,000 ETH (worth nearly $300 million) were withdrawn from centralized platforms in 48 hours, which supports the bullish scenario.<\/p>\n On the other hand, some analysts believe the price must first head south before starting a new bull run. X user Gerla, for instance, noted the formation of an inverted head-and-shoulders pattern and expects a potential drop to $2,000, followed by a big jump toward $4,000 in the coming months.<\/p>\n The post Zcash’s (ZEC) Major Uptrend, Recent Cardano (ADA) Predictions, and More: Bits Recap September 11<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
ADA Predictions<\/h2>\n
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ETH at a Turning Point<\/h2>\n
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